Prices as of 2026/10/30 close
Company comparison
Shin-Etsu is the bigger company, with revenue of ¥2.6T — 2.4x Air Water's ¥1.1T.
Shin-Etsu earns more on each yen of sales, with an operating margin of 24.7% — 17.7 points above Air Water (7.0%).
Revenue growth in the latest results: Air Water +5.0%, Shin-Etsu +0.5%.
Shin-Etsu pays more on average — ¥8.76M against ¥8.16M at Air Water.
Over the past year the shares moved Air Water +31.4%, Shin-Etsu +28.9%.
Head-to-head wins14 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
Shin-Etsu aheadShin-Etsu 3 : Air Water 0
Revenue: Shin-Etsu ¥2.6T / Air Water ¥1.1T
ProfitabilityInvestors
Shin-Etsu aheadShin-Etsu 2 : Air Water 1
Operating margin: Shin-Etsu 24.7% / Air Water 7.0%
GrowthInvestors
Air Water aheadShin-Etsu 1 : Air Water 2
Revenue growth (YoY): Shin-Etsu +0.5% / Air Water +5.0%
Stock & balance sheetInvestors
Air Water aheadShin-Etsu 0 : Air Water 2
Share price, 1 year: Shin-Etsu +28.9% / Air Water +31.4%
Pay & workforceJob seekers
Shin-Etsu aheadShin-Etsu 3 : Air Water 0
Average salary: Shin-Etsu ¥8.76M / Air Water ¥8.16M
| Metric | Shin-Etsu | Air Water | Gap |
|---|---|---|---|
| Revenue | ◎¥2.6T | ¥1.1T | 2.4x |
| Operating profit | ◎¥635.2B | ¥75.2B | 8.4x |
| Net income | ◎¥474.5B | ¥49.1B | 9.7x |
| Metric | Shin-Etsu | Air Water | Gap |
|---|---|---|---|
| Operating margin | ◎24.7% | 7.0% | 17.7pt |
| Net margin | ◎18.4% | 4.6% | 13.9pt |
| ROE | — | 9.8% | |
| Revenue per employee | ¥663M | ◎¥1.6B | 2.4x |
| Metric | Shin-Etsu | Air Water | Gap |
|---|---|---|---|
| Revenue growth (YoY) | +0.5% | ◎+5.0% | 4.5pt |
| Operating profit growth (YoY) | −14.4% | ◎+10.2% | 24.6pt |
| Revenue CAGRlast 5 years | ◎+11.5% | +7.5% | 4.0pt |
| Guidance: revenue growthnext FY plan | — | +6.9% | |
| Guidance: op. profit growthnext FY plan | — | +11.6% |
| Metric | Shin-Etsu | Air Water | Gap |
|---|---|---|---|
| Share price, 1 year | +28.9% | ◎+31.4% | 2.5pt |
| Share price, 3 months | +3.6% | ◎+12.6% | 9.0pt |
| P/E (trailing)lower = cheaper | — | 13.4x | |
| Equity ratio | — | 42.9% | |
| Share price (close) | ¥5,966 | ¥2,877 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | Shin-Etsu | Air Water | Gap |
|---|---|---|---|
| Average salary | ◎¥8.76M | ¥8.16M | ¥0.59M |
| Starting salary (monthly) | ◎¥304,450 | ¥280,000 | ¥24,450 |
| Average tenure | ◎19.2 yrs | 9.9 yrs | 9.3 |
| Average age | 41.3 | 42.5 | 1.2 |
| Employees | 3,881 | 685 | 5.7x |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥5,966+28.9% (1Y)
Shin-Etsu +28.9% over 1Y. Compared: Air Water +31.4%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
Shin-Etsu4 segments
Air Water5 segments
AAverage annual salary from the securities filings: Shin-Etsu ¥8.76M, Air Water ¥8.16M. Shin-Etsu pays the most. Averages also depend on staff age and job mix, so check the average age too (Shin-Etsu 41.3, Air Water 42.5).
ARevenue in the latest results: Shin-Etsu ¥2.6T, Air Water ¥1.1T. Shin-Etsu is the bigger company, with revenue of ¥2.6T — 2.4x Air Water's ¥1.1T.
AOperating margins: Shin-Etsu 24.7%, Air Water 7.0%. Shin-Etsu turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Air Water +31.4%, Shin-Etsu +28.9%. Air Water has risen the most.
Comparing 2 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.
